Daily: The upper Bollinger band area (1.1015-1.1020) looks like an impregnable resistance. The last time the market tested this area, the Euro corrected by more than 500 pips. H4: There are three bars outside the...

Daily: A bounce down from the upper Bollinger Band (134.01) tells us about the likely downside phase of the market, with medium-term downside potential in the 132.16 zone (midline). H4: Local support at 133.11 is...

Daily: The pound is trading in the middle of the upper Bollinger envelope again. ADX potential is declining so price is likely to remain at current levels. H4: Stable horizontal Bollinger envelopes provide a sideways...

Daily: The euro remains in the middle of the upper Bollinger envelope, making the current situation almost unsuitable for position trading. Divergent movements may continue. H4: An upward reversal was formed in the area of...

Daily: ADX continues to fall, increasing the probability of a correction to the Bollinger mid-band (132.42). Overall, the day could be multidirectional. H4: a very strong pin from the lower Bollinger band is a signal...